Search
CloseOpen
How to Delete eToro Account
Back to blog categories

How to Delete eToro Account in 6 Steps

Some people may, however, want to close their accounts for different reasons like difficulty in trading on some platforms or stressful withdrawal processes. If you use eToro for trading, and you’re one such person, this article is going to show you how to permanently delete your eToro account. 

Why Should You Delete Your eToro Account? 

You don't need an elaborate reason to close your account. Simply deciding you no longer wish to trade is the most typical justification for closing your eToro account. It is possible that you have suffered significant losses and are unable to keep on trading, or you may just realize that you don't know enough about trading to make the right decisions.

The truth is that there is no get-rich-quick scheme to long-term success because it takes time to acquire the necessary knowledge to become a productive and consistent trader. If this isn't something that is up to your abilities, then there is no point in wasting your time and energy. 

Another reason you may have for closing your eToro account is that they may not have the tools you need to trade, especially if it's a specific commodity or a rare currency combination that offers a fantastic trading opportunity. Also, remember to withdraw you money from eToro before deleting the account.

Of course, other factors like excessive email marketing may be another reason you may want to leave.

How to Delete your eToro Account using your iPhone

Make sure that any open trades are terminated and all available funds more than $25 are removed before canceling your eToro account. The actions listed below should be followed to delete your account using an iPhone.

  • Installing the eToro app and logging in are your first two steps.
  • Then, you should select the "Settings" option after clicking on the hamburger icon in the top left corner of the screen.
  • The "Account" settings tab should then be selected.
  • Next, click the link that says "Click here to close your eToro account" after scrolling down.
  • Next, select an answer in the "Tell us why you are leaving?" field before clicking "Continue."
  • To delete your account, proceed by following all the steps up until the "Confirm" step.

Before your eToro account is deleted, it could take up to three days. Upon completion of the process, you will receive an email confirmation.

How to Delete your eToro App using your Android

To successfully delete an eToro account, take the following steps

  • Log into your eToro account.
  • Then, go to "Settings" by clicking on the hamburger button in the top left corner of the screen.
  • The "Account" tab should then be selected.
  • Next is to locate the "Click here" link and click "Click here to close your eToro account."
  • After tapping on a reason for your exit, you should touch "Continue" to move the process along.
  • You will be persuaded to stay by eToro. To successfully close your account, you must adhere to all instructions.

Your eToro account won't be closed for three days or more. Once the procedure is finished, you will get a confirmation email.

How to Permanently Delete Your eToro Account Using Your PC

If you’re using a computer, you can delete your account using the folllowing steps:

  • Log into your account. 
  • In the bottom-left corner of the left pane, you should then click "Settings."
  • The "Account" tab may be found on the "Settings" page, so click it. 
  • After that, scroll down and click the link that says "Click here to close your eToro account."
  • Select a reason in the "Tell us why you are leaving" area before tapping "Continue."
  • Click "Confirm" at the bottom of the page.

Conclusion

Since the broker imposes a cost of $10 per month after a year of inactivity, canceling your account is a smart move if you've tried eToro but still doesn't work for you and you're quite certain you won't need it anymore.

If you're unsatisfied with the broker's services, you can always look for an eToro alternative. Still, this is one of the best brokers on the market today. Don't believe us? Just read our eToro review to convince yourself.

FAQ

  • No. Your eToro account cannot be reopened once it has been closed. You can open a new account with your email and a password. 

  • Three days. 3 days should pass before your eToro account is closed. When everything is done, you'll get a confirmation email.

Back to blog categories